31st August 2011 - Slipstream Trader Market Update

[VOICEOFFOREX]

check out my videos

[slipstreamtrader]

G'day Justice League. I have to say that I agree with your prognosis. I can't imagine Bernanke would be foolish enough to do QE3 now. He needs to keep some ammo for when the s..t really hits the fan. QE2 didn't work and if anything made things worse. Pushing the button again would be an exercise in futility and stands the real risk of backfiring.

Instead expect to see some duration extension on their bond holdings or perhaps the lowering of rates for funds held at the fed by banks.

[JusticeLeague2012]

@slipstreamtrader Hi Murray,thanks for your response,Just a comment-Why is it illegal for individuals to manipulate markets but when governments or reserve banks do it -its Ok-How can anyone feel confident in "investing" when the rules can change at any time-e.g short sell bans-margin raising-QE-all this sort of thing is going to make for huge swings-nervous traders-less long term investors-panicking fund managers-How will this affect technicals-when signals may be false.

[wolfy1979747]

@JusticeLeague2012 I absolutely agree. The SNB for example just yesterday!

[JusticeLeague2012]

Hi Murray,I hope they pay you well,your reading of the market is outstanding,the best i have seen.Question-how likely is QE3 ,wouldnt there be strong opposition from republicans,if it were to happen,then we would have to see a massive fall in dow for it to be passed and so far there is no reason or justification for it.I see a huge market fall -a flight to cash-uncertainty brings selling.hope is no reason to hold stocks-BTW i subscribe

[bigbillyz]

@MrMattamahew how do i short the index :p

[slipstreamtrader]

G'day bigjim,

some of the things that I like to read during the day are zerohedge, mish's global economic trend analysis, King World News interviews, hotcopper chatter, FN arena etc. Hope that helps.

[fletchlives66]

Thanks Slip

All working now

Cheers



[fletchlives66]

Thanks Slip

[MKI4EVA]

You are so convinced of a long term sell off. I haven't heard your tone as convinced in recent months of following you.

Can't wait to see what happens.

[slipstreamtrader]

Hi there Fletchlives. Thanks for letting me know you were having some problems. We changed over our password for the site today which was probably the cause of your problems in logging in.

Also it can take a day or two for the emails to get up and running so you shouldn't have any problems from now on.

If you continue to have issues then let me know.

The new website will be up and running soon also.

Many apologies for the teething problems.

[fletchlives66]

Murray I joined your site and paid the money but the back office is hopeless. I get SMS alerts but no email alerts. Today, I get SMS alerts but cant log in. For a slick presentation the subscriber help is a joke.

[fletchlives66]

Murray I joined your site and paid the money but the back office is hopeless. I get SMS alerts but no email alerts. Today, I get SMS alerts but cant log in. For a slick presentation the subscriber help is a joke.

[ladizlaus]

Don't forget Murray that the crash will come when everyone least expects it. Not enough complacency yet. Also people are looking forward to the September to end of year lift in the stock market. Also good to remember that the market is not logical, fair, productive or has any real connection to reality. It is really only a few degrees away from Bernie Madoff's ponzi scheme. Add a bit of leverage... OK I'll shut up now.

[marksmann007]

Fantastic, thanks again.

[kingjim007]

Hi Murray thanks for the update. When you show the Global Surprise Model we can see many other screen open. I would be interested as to what some of the web pages are such as Comsec and Forex that you have open during the day (nice insight into what people can watch for some info)

Cheers

[MrSteveoc]

Excellent analysis as always. By selling opportunity are you referring to short sell on index.

[richardminhle]

bring it on baby



[EzzTyr]

A very warm thank you for these excellent weekly updates.

[maxvom]

Thankyou for your great analysis and insight into the markets.

[bigbillyz]

Slipstreamtrader by selling opportunity do you mean a great short selling opportunity as well? Cheers

[MrMattamahew]

@bigbillyz yes that's what he means ;-)

I've already started picking up a few shorts in my folio, and will continue to collect them til the market falls. This rally's not got much more in it me thinks!